In a continued supervisory move, the Reserve Bank of India has extended the Directions imposed on the Irinjalakuda Town Co-operative Bank Ltd., Kerala for a further three months, up to July 30, 2026.
The restrictions, issued under the provisions of the Banking Regulation Act, 1949, were initially imposed in July 2025 and have since been periodically extended. The latest extension comes in public interest, as the regulator continues to closely monitor the bank’s operations.
RBI clarified that the extension should not be construed as a sign of satisfaction with the bank’s financial health. All existing terms and conditions of the directive will remain unchanged during the extended period.
The move underscores RBI’s cautious approach towards safeguarding depositors’ interests while ensuring corrective measures are implemented, reflecting its ongoing efforts to maintain stability in the cooperative banking sector.